In The Region

November 26, 1985|The Morning Call

First Colonial Group Inc. has declared a 5 percent stock dividend to be issued Dec. 18 to holders of record Nov. 29. The company, parent of Nazareth National Bank, has 196,343 shares outstanding. S. Eric Beattie, executive vice president of First Colonial, said the dividend will be paid with shares held in treasury. He said quarterly cash dividends will be unaffected by the move, which is designed to generate interest in the company's stock and circulate more shares among current holders.

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Commerce Plaza Office Park III, South Whitehall Township, has gained these tenants, according to Landmark Associates of Lehigh County: Prudential-Bac he Securities, Allstate Insurance, Mutual of New York Insurance, Meridian Mortgage Corp. and the Philadelphia Savings Fund Society.

Opened in September, the 75,000-square-foot building is almost 40 percent leased, Landmark says.

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These new licenses and license transfers were approved recently by the Pennsylvania Liquor Control Board:

- From Robert D. Muthard and another, trading as Top of the '50s, 1040 Riverview Drive, Walnutport, to E.J.'s Talk of the Town Inc., same address.

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Patt, White Co. of Allentown has been designated as the first family relocation center in the country by Better Homes and Gardens of Des Moines, Iowa, according to the local real estate company. The relocation service provides counseling in finance, education and other needs of families moving into the Lehigh Valley at no cost to the families or the companies involved in the relocations.

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The Texas Eastern Transmission Corp. of Houston says it has asked the Federal Energy Regulatory Commission to approve two new gas pipeline transmission projects, one of which includes the construction of a "loop" near Bechtelsville, Berks County. A loop branches off apipeline and rejoins it at a later point.

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Stockholders of Fidelcor Inc., parent company of Fidelity Bank, and IVB Financial Corp., parent company of Industrial Valley Bank and Trust Co., approved the proposed merger of their companies yesterday.

Completion of the merger of IVB into Fidelcor is subject to regulatory approval, which is expected in the spring. Plans call for the merger of the banks under the Fidelity Bank name as soon as possible after the merger of the Philadelphia-based parent companies.